Right now in Fats, rate shock, mortgage rates topping 7% today.

It's only the second time that's happened in nearly 20 years borrowing costs for everything

from cars, a corporate debt, also skyrocketing.

When we see these moves cripple spending and when will they trigger any kind of worry

in this market?

Plus Tesla's big vision for the future, seemingly clouding how investors feel about the stock

at least for today, is retail's love affair with Elon about to fade.

And later, Apple trading below a key technical level, what's the tech giant's next move?

They're massive haircut for crypto related stock and the monster options action on one

of the day's biggest winner sales force.

I'm Melissa Lee.

This is Fast Money.

We're live at the Nasdaq Market site on the death tonight, Karen Feynerman, Dan Nathan

Guyadami, and Jeff Mills.

And we start off with the great rate spike, treasure yield powering higher again today with

the two year getting within just three basis points of 5% to level.

It hasn't touched since July 2007.

The move particularly interesting since the yield was under 1% at the start of last year.

And take a look at how borrowing costs have gone up alongside it.

The average new car loan has gone from under 4% to over 6.

A 30-year mortgage, just about 7% corporate lending rates, nearly 8% on the interest rate

on the average credit card, now around 20%.

...